Range Resources : 2023 Update Guidance

GUIDANCE

Production (per day)

Capital Expenditures

Expenses

Direct operating expense per mcfe

Transport, gathering, processing and compression expense per mcfe

Production tax expense per mcfe Exploration expense

Cash G&A expense per mcfe

Interest expense per mcfe

DD&A expense per mcfe

Net brokered marketing expense

Differential Calculations (a)

FY 2023 Natural Gas: (b)

4Q 2023Natural Gas Liquids: (c)

FY 2023 Oil/Condensate:

Differential Pricing History

Natural Gas (compared to HH) (b) Oil/Condensate (compared to WTI) NGL (compared to MB equiv.) (c)

Calendar 2023

2.12 - 2.16 Bcfe

$570 - $615 million

$0.11 - $0.13

$1.43 - $1.46

$0.04 - $0.05

$22 - $28 million

$0.17 - $0.19

$0.14 - $0.16

$0.46 - $0.48

$0 - $5 million

2023 Guidance

NYMEX minus $0.40 to $0.45

Mont Belvieu minus $1.00 to plus $1.00 per barrel

WTI minus $9.00 to $13.00

3Q 2022	4Q 2022	1Q 2023	2Q 2023	3Q 2023
($0.38)	($0.55)	($0.14)	($0.47)	($0.56)
($6.86)	($7.08)	($9.30)	($9.71)	($11.43)
($1.53)	($0.75)	$1.63	$0.33	$0.63

1. Differentials based on pre-hedge benchmark pricing, excluding transportation, gathering and compression expenses.
2. Natural Gas differential includes basis hedging.
3. NGL weighting based on 53% ethane, 27% propane, 8% normal butane, 4% iso-butane and 8% natural gasoline.